News

Magnet offers free office space to Irish companies in London

TechCentral.ie • March 6, 2017

Ten Irish businesses looking to expand to Britain are being offered free office space in the heart of London as part of Magnet Networks’ Launchpad for London initiative.

“With Brexit dominating the news, it is easy to forget that Britain is our largest trading partner and offers better access to funders, a better attitude to risk and a massive market for many Irish firms,” said Magnet Networks CEO Mark Kellett.

Brentry

“We believe that 2017 should be the year of Brentry, giving Irish businesses a launchpad into the city that hosts many of the world’s top companies and offers the best place to test your fundraising model, product or service offering.

“Most importantly, Irish companies who are also operating within Britain will be in a stronger position post-Brexit.

“The 10 Irish companies who base themselves at Magnet’s headquarters at York House in the smart city will pay no rent for four months. They will have the fastest connection available, direct fibre optic connections from Ireland to their London desks and access to one of the largest Internet of Things and Smart City test beds in the world.”

Enterprise Ireland regional director for the UK & Northern Europe Marina Donohue said: “The UK is the largest export market for Enterprise Ireland client companies, and will continue to be for the foreseeable future,” she said. “Having a presence on the ground in the market has always been important, and even more so since the decision was taken by Britain to leave the EU.

“Every year we help hundreds of Irish companies develop and grow their exports in to Britain, many of whom will establish a base here. The head start provided by Launchpad for London has the potential to be of huge value to help companies become established in the UK, as well as being well connected.”

Pivotel invests in groundbreaking IoT deployment solutions

VIW Magazine • March 6, 2017

Leading telecommunications provider Pivotel Group, has partnered with Canada’s revolutionary LTE (4G) private network solutions company Expeto, to deliver an Australian first partnership allowing Pivotel to manage EPC core network elements in remote virtual environments.

Pivotel this month launched its remote 4G LTE solution ecoSphereTM, demonstrating its intention to build an ecosystem of leading sensor, device, modem, network technology and application providers to deliver state-of-the-art solutions enabled by remote 4G coverage in the mining, resources and agricultural sectors.

Unlike the big three Australian telecommunications companies who spend large on buying bulky centralized core network appliances located in substantial data centres, Pivotel Group has ensured its services remain competitive by partnering with Expeto to deliver its all software 4G LTE core network solution.

pivo

Pivotel Executive Director Robert Sakker said with Expeto as its core network technology partner, customers will benefit from security, agility and flexibility in its network deployments.

“As Australia’s fourth mobile network operator in Australia alongside Telstra, Optus and Vodafone, Pivotel is a nimble network innovator, enabling us to push the boundaries and deliver global best practice,” Mr Sakker said.

“There is considerable value in partnering with Expeto. Firstly, it allows us to deploy targeted industrial and IoT solutions under our ecoSphereTM brand, which can be optimized for an end customer’s requirements, and secondly, customers maintain network access control at a granular level, with security forming a significant part of our service offering.

“Instead of the legacy solutions typically found only in large telco data centres, Expeto has developed an agile way for us to flexibly deploy our core network elements under a Platform as a Service model. Instead of a large upfront capex commitment, we are able to align our cost base with our revenue on an opex basis which will help us grow our 4G LTE footprint quickly,” Mr Sakker added.

The Expeto partnership will enable Pivotel to deploy the EPC core network elements in its remote virtual environments in seconds, without the need for a black box or multi-million dollar system integration. Critical customer data is kept secure, and most of the data can be processed locally, minimising expensive transfers over remote backhaul solutions.

Expeto CEO Ryley MacKenzie, said the foray into Australia helps expand the company’s global footprint.

“IoT service and solution providers such as Pivotel, are creating extremely innovative solutions. The Expeto platform ultimately enables enterprises to deploy wireless IoT and smartphone devices with more agility and configurability than ever before – all accomplished through IT methodologies, not telco complexity. We’ve built our service and reputation around the customers’ needs,” Mr MacKenzie said.

“It’s satisfying to see our developments rolled out by Pivotel in Australia. Expeto is cheaper, faster, easier and provides more control than legacy solutions. No boxes. No capex. With Expeto, Pivotel’s customers get their own network with their devices secured behind their firewall.”

The announcement comes in the lead up to Mobile World Congress, the world’s largest gathering for the mobile industry, held in the Barcelona, 27 February – 2 March 2017.

Firms here offered free London office

Irish Independent • March 6, 2017

Irish businesses looking to expand to Britain are being offered free office space in the heart of London with the launch of telecoms company Magnet Networks’ BrEntry initiative.

Launchpad For London will see 10 Irish companies establish themselves rent-free in London’s new smart city at Wembley Park.

2017-03-06_bus_29189269_i1

CEO of Magnet Networks Mark Kellett and Louise McKeown
launch the BrEntry initiative. Picture: Conor McCabe

“With Brexit dominating the news, it is easy to forget that Britain is our largest trading partner and offers better access to funders, a better attitude to risk and a massive market for many Irish firms,” Magnet Networks chief executive Mark Kellett said.

“The 10 Irish companies who base themselves at Magnet’s headquarters at York House in the smart city will pay no rent for four months…they will have the fastest connection available, direct fibre optic connections from Ireland to their London desks and access to one of the largest internet of things and smart city test beds in the world,” he added, inviting interested companies to apply.

Enterprise Ireland’s regional director for the UK and northern Europe, Marina Donohoe, praised the initiative for focusing on the importance of having a UK presence in a post-Brexit Europe. She said the UK would continue to be the largest export market for Enterprise Ireland client companies for the foreseeable future.

Company merges 4G and satellites to bring reliable communications to the outback

ABC • February 16, 2017

Mobile service provider Pivotel Group is building custom-designed mobile network bases using 4G and satellite connectivity for use on pastoral stations, mine sites and oil and gas projects.

Called the ecoSphere, it offers secure point-to-point voice, video, tracking and monitoring connections.

Key points:

  • Pivotel Group builds custom-designed mobile network bases using 4G and satellite connectivity
  • System could provide an alternative to landline phones
    Provides complete communications for pastoral stations, mine sites, and oil and gas projects
  • Remote communications have been a bugbear for rural communities and industries that often struggle just to get enough connection to send or receive a mobile phone call.

 

Despite the launch of the Federal Government’s Sky Muster satellite, communities also suffer from download speeds so slow they make normal business operations almost impossible.

Now they face the possibility of losing the only reliable communications systems many of them have, the landline phone.

The Productivity Commission has recommended the Federal Government save money by removing the current requirement to provide basic telephones, a move angrily received in the bush.

Pivotel chief executive Peter Bolger said providing a better alternative to landlines was one of the opportunities ecoSphere could provide.

Voice services part of new network

Typically, the Universal Service Obligation (the legislation on landlines) was for voice services only.

“But voice services absolutely run over the network we’ve developed, which incorporates 4G networks,” Mr Bolger said.

“4G networks are designed for much higher speed anyway, so it’s a very simple service to run voice with that.”

Many rural and remote areas are the home of farms, pastoral stations and mining companies that have become so frustrated with the communications systems on offer they have been jerry-rigging their own systems.

The vexed issue of internet speed, mobile phones and loss of landlines may be addressed with new trial.

Making remote communications work

Mr Bolger said marrying the 4G network with custom-built base stations meant high-speed ability for a large number of applications.

“It provides complete communications, particularly around machine to machine, such as on mine sites and other remote industrial sites, but there is also a lot of voice and video applications that will be picked up as well,” he said.

“Prior to launch of 4G, the mobile phone networks were built up around voice services first.

“With the emergence of 4G, it’s built around data first, so voice goes over the top of the data network very easily.

“And in development is another standard piece that supports very, very low power and also have very long life batteries.

“That’s best for sensors, so the machine to machine [data] business that’s coming about.”

Role for NBN

Another service that has yet to live up to its promise, particularly for the rural sector, is the National Broadband Network (NBN).

However, Mr Bolger said the NBN was also an enabler of the system, as much as a dedicated satellite.

“The NBN entitles all farm owners, all properties, who have NBN connection to the home,” he said

“But that doesn’t provide mobile phone coverage on their properties; their workplace is out on the farm, not necessarily in their homes.

“So we use that NBN to connect to the mobile base stations [purpose-built on properties], which will provide complete coverage at high speed.

“But it’s also for low speed, low power if for example you want to carry out simple tasks like monitoring water levels or soil quality.”

Communications systems in modern agriculture

Farmers and pastoralists have been using telemetry for some time, being able to open and close gates, measure water and other comparatively simple tasks.

“A lot of it has been happening around UHF [shortwave radios] and it’s very specific,” Mr Bolger said.

“We’re talking about bringing high speed voice, video, data, onto a single terminal where your iPad and mobile phone will work.”

Mr Bolger said asset optimisation was a big aim.

“I see in the future every single piece of livestock — cattle or sheep or goats — could potentially be tracked, and their own biometric conditions monitored so that you can say, maximise growth rate, minimise animal loss through theft, death and poor feed.

“Cattle farmers spend a very large amount of time simply going around making sure they’ve got decent water, decent food supply and they need to do it regularly.

“That is incredibly time consuming and it could be done via this system with simple monitoring and video cameras.”

Saladax Licenses Alzheimer’s Diagnostic Tests to Siemens Healthineers

Yahoo Finance • January 18, 2017

Saladax Biomedical, Inc., a privately held company focused on precision in-vitro diagnostic tests, announced today that it has signed an agreement to license diagnostic tests for Alzheimer’s disease (AD) to Siemens Healthineers. Saladax’s tests identify the amyloid beta 1-42 and tau biomarkers in cerebrospinal fluid (CSF) which are known and accepted biomarkers for AD.

Alzheimer’s Disease is currently the sixth leading cause of death in the U.S., affecting nearly 50 million patients worldwide, with 10 million new cases each year. Presently, no disease-modifying therapeutics exist, and the available drugs provide limited alleviation of symptoms. The use of tests to identify CSF biomarkers much sooner than previously available, will give clinicians the ability to more accurately identify AD and begin treatment sooner. Early detection of AD is also an important step in better understanding the disease.

The two biomarkers have been extensively studied for over 20 years, and are key indicators of the early stages of Alzheimer’s disease. Currently, evidence of early AD can only be determined by PET (positron emission tomography) imaging equipment such as can be found with Siemen’s PETNET Solutions, or biomarkers such as Saladax’s amyloid beta 1-42 and tau tests.

“We are very excited to be working with Siemens Healthineers to bring these important assays to the market,” said Sal Salamone, Ph.D., CEO of Saladax Biomedical, Inc. “Siemens is an ideal partner with a strong global position and high quality instrumentation.”

Under this non-exclusive agreement, Saladax will provide its proprietary raw materials, protocols, and intellectual property and Siemens will be responsible for the commercialization of both assays.

About Saladax Biomedical, Inc.

Saladax Biomedical is a leader in the development and deployment of high-quality diagnostic services and products to help physicians select and optimize the use of current and new pharmaceutical products, to improve treatment and positively impact the economics of care… because no two patients are alike.

Headquartered in Bethlehem, Pennsylvania, Saladax was founded in 2004 and is ISO 13485:2003 certified. For more information visit: www.saladax.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170118005807/en/

GTT to acquire Hibernia Networks

Business Wire

 • November 9, 2016

GTT Communications, Inc. (NYSE:GTT), the leading global cloud networking
 provider to multinational clients, announced today a definitive agreement to
 acquire Hibernia Networks, a leading provider of global, high-speed network
 connectivity solutions and owner of terrestrial and subsea fiber assets 
including Hibernia Express, the lowest latency transatlantic cable system.

The
 $590 million transaction consists of $515 million in cash and approximately
 3.3 million shares of GTT common stock, to be issued to the sellers at
 closing, valued at $75 million.

This strategic combination:

  • Adds breadth and depth to GTT’s global Tier 1 IP network with owned and
 leased dark fiber assets including five owned subsea cables and eight
 cable landing stations
  • Expands GTT’s cloud networking portfolio, composed of wide area
 networking, internet, managed services and voice services, with the
 addition of optical and low latency transport, video and CDN services
  • Adds a world-class video transport platform servicing content rights
 holders, broadcasters, cable companies and OTT providers
  • Grows GTT’s client base, adding marquee clients with depth in the
 financial services, media and entertainment, web-centric and service
 provider segments, which will remain strategic verticals of focus for
 GTT
  • Enhances GTT’s financial profile by adding a substantial, highly
 complementary recurring revenue business with strong cash flow
 characteristics

“This acquisition accelerates GTT’s growth strategy by expanding our
 portfolio of cloud networking services, significantly increasing the scope
 and power of our global network, and growing our multinational client base,”
said Rick Calder, GTT president and CEO. “Hibernia Networks has a
 demonstrated track record of growth, and brings unique, strategic network
 assets featuring high-bandwidth, low latency connectivity. We are very
excited to welcome Hibernia Networks’ clients and talented team members to
 GTT. Following our successful, proven acquisition template, we expect to
 complete integration within two to three quarters post-close, and to achieve
 a post-synergy multiple of seven times Adjusted EBITDA or better on a pro
forma basis.”

“GTT’s acquisition of Hibernia Networks provides great benefit to the
 entirety of our customer base as well as our two organizations,” said Bjarni
 Thorvardarson, Hibernia Networks’ chief executive officer. “GTT gains world
class global fiber assets, including ultra-low latency routes between key 
financial markets, as well as optical, low latency and content services, and 
exceptional employees with a proven track record of network and commercial
 leadership, and exemplary customer service. Hibernia Networks clients around
 the world will benefit from the expansive reach of GTT’s Tier 1 IP network,
 the broader portfolio of products and services, improved scale, and the 
company’s expertise in delivering cloud networking solutions and managed
 services to multinational clients.”

The parties expect to close the transaction by the end of first quarter
 2017, subject to certain regulatory approvals and other customary closing
 conditions.

The Bank Street Group LLC served as exclusive financial advisor to Hibernia
in connection with this transaction.

Transaction Financing



Under the terms of the agreement, the purchase price is $590 million,
 subject to customary adjustments for working capital and other items,
 composed of $515 million in cash, plus approximately 3.3 million shares of
 GTT common stock, to be issued to the sellers at closing, valued at $75
 million. The cash portion of the purchase price will be funded with proceeds
 from additional debt issuance, consisting of secured term loans as well as
 senior unsecured notes.

The debt syndication process will be led by KeyBank National Association and
 Credit Suisse, who provided committed financing for the transaction.

At closing, the ratio of total net debt to Adjusted EBITDA is expected to be 
approximately 4.5:1, using annualized pro forma combined third quarter 2016
 Adjusted EBITDA plus expected cost synergies. Within one year after closing,
 the ratio of total net debt to Adjusted EBITDA is expected to be at or below
 4.0:1, reflecting continued Adjusted EBITDA growth and cash generation.

Hibernia Financial Information

For the three months ending September 30, 2016, Hibernia reported, on an
unaudited basis, revenue of $45.5 million, Adjusted EBITDA of $16.1 million
 and capital expenditures of $1.9 million. For the nine months ending
 September 30, 2016, Hibernia reported, on an unaudited basis, revenue of
 $138.6 million, Adjusted EBITDA of $49.1 million and capital expenditures of 
$12.7 million. In 2015, Hibernia reported revenue of $148.9 million,
Adjusted EBITDA of $34.2 million and capital expenditures of $161.5 million.
 Revenue and Adjusted EBITDA growth from 2015 to 2016 is primarily driven by
 completion of the Hibernia Express low latency transatlantic cable system in
 September 2015, including the impact of certain prepayments for long-term 
indefeasible rights of use (“IRUs”) from anchor tenants. The results listed
 above are as reported by Hibernia Networks, without expected future cost 
synergies, and without any pro forma adjustments. Detailed Hibernia results 
and pro forma information will be made available in a Form 8-K within the
 next several weeks.

About GTT



GTT provides multinationals with a better way to reach the cloud through its
 suite of cloud networking services, including wide-area networking,
 Internet, managed services and voice services. The company’s Tier 1 IP
 network, ranked in the top five worldwide, connects clients to any location
 in the world and any application in the cloud. GTT delivers an outstanding
 client experience by living its core values of simplicity, speed and 
agility. For more information on how GTT is redefining global
 communications, please visit www.gtt.net.

About Hibernia Networks



Hibernia Networks owns and operates a global network serving more than 100
 markets and spanning 25 countries. Hibernia Networks serves customers with
 unparalleled support, flexibility and service in a variety of industry
 segments including financial markets, web-centric, media and entertainment,
 and telecom service providers. Providing enterprise-class and wholesale
 global connectivity solutions, Hibernia Networks offers secure and diverse 
optical transport, Ethernet and carrier-grade IP transit services. Hibernia
 Networks also offers dedicated cloud connectivity, low latency services, DTM 
and Hibernia CDN for seamless anytime, anywhere content delivery. Hibernia
 Express, Hibernia Networks’ transatlantic cable, provides the lowest latency
 connections available between major commercial and financial centers in
 North America, Europe and beyond. The state-of-the-art cable system garnered
 two Global Carriers Awards in 2015 — Subsea Project of the Year and Best
 Subsea Innovation, as well as the Global Telecom Business Innovation Award 
for 2016.

PocketiNet Communications connects 100th customer to Fiber-to-the-Home internet in Walla Walla, Washington

Walla Walla, WA • November 4, 2016

One hundred is a significant number. A little child feels accomplished when she learns to count to one hundred on her own. More impressively, when a person reaches the age of one hundred we all see it as an important milestone. PocketiNet Communications, based in Walla Walla, Washington has reached a momentous event of their own. Recently, they connected their one hundredth customer to their new Gigabit Fiber-to-the-Home network known as Gigabit Country.

Who was the lucky number one hundred? Jim Wright, owner of Tesla Winery Tours in Walla Walla, WA. Jim waited patiently for nearly five months for Fiber to reach his home. That pales in comparison to the eighteen months he waited to take delivery of his beautiful Tesla Model X 90D.

PocketiNet

Aaron Shiffler (l), PocketiNet’s Director of Fiberhood Sales presents
Jim Wright (r), owner of Tesla Winery Tours and PocketiNet’s 100th
Fiber-to-the-Home customer, with a new Amazon Echo Dot.

About five years ago, Jim, a Federal Marshal, began making solid plans to retire. Everything was in place except the location. Gig Harbor, WA was high on the list but Jim started seeing article after article in national publications about a great little town in eastern Washington named, Walla Walla. So, Jim and his wife visited to see if all the hype was true. It was. After several annual visits they retired and moved to Walla Walla hoping to add to the town’s friendliness.

As Jim was preparing to retire, he knew he wouldn’t want to sit around after retirement, so he developed a plan to launch Tesla Winery Tours. Even before moving to Walla Walla he ordered his Tesla and waited. It’s a decision he hasn’t regretted.

If you talk with Jim, it’s obvious he likes technology. That affinity for tech made both Tesla and PocketiNet logical products to meet his needs. After all, both Tesla and Gigabit Country Fiber are fast! Tesla vehicles come with software letting a driver choose their preferred performance output. Settings range from Standard to Ludicrous (that’s actually what Tesla calls it). PocketiNet’s Gigabit Country Fiber also comes with customer performance options. Internet packages range from 100Mbps up to the ludicrous 1Gbps. Not only is Gigabit Country fast, it’s incredibly reliable.

Jim enjoys meeting new people and loves talking about his Tesla. He is a believer. He’s a Tesla believer, a Walla Walla believer and a PocketiNet believer.

As their one hundredth Fiber customer, PocketiNet presented Jim with an Amazon Echo Dot. Because, in the end, a man who likes technology enough to wait a year and a half for a Tesla and another five months for the fastest Internet connection in town, should be able to voice command his car out of the garage. Want to see how Amazon Echo and Tesla integrate, when you have the best Internet available? Check out this video on YouTube.

If you’d like to book Tesla Winery Tours visit teslawinerytours.com. To get more information about PocketiNet’s Gigabit Country Fiber-to-the-Home, visit PocketiNet.Crowdfiber.com.

PocketiNet Communications is a locally owned and operated broadband Internet and Home Automation and Security service provider. Founded in April of 2000, PocketiNet serves the Mid-Columbia Basin from Walla Walla to Yakima, WA, south to Umatilla, OR, and all points in between. In the competitive market of broadband Internet service providers, PocketiNet has positioned itself above the competition by actually delivering on its promises: speed, reliability, value, dedication and customer care.

Contact: Donny Veverka
PocketiNet Communications, Inc.
Phone 509-526-5796 ext. 129
Fax 509-526-4919